Ritholtz Wealth Management Makes New Investment in BorgWarner Inc. $BWA

Ritholtz Wealth Management purchased a new stake in BorgWarner Inc. (NYSE:BWA) in the third quarter, Holdings Channel.com reports. The firm purchased 23,109 shares of the auto parts company’s stock, valued at approximately $1,016,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in shares of BorgWarner by 1,133.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 714 shares during the last quarter. Assetmark Inc. lifted its position in shares of BorgWarner by 81.8% during the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 364 shares during the last quarter. Addison Advisors LLC grew its stake in BorgWarner by 1,647.8% in the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 758 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in BorgWarner in the second quarter valued at about $32,000. Finally, Trust Co. of Vermont raised its stake in BorgWarner by 55,000.0% during the second quarter. Trust Co. of Vermont now owns 1,102 shares of the auto parts company’s stock valued at $37,000 after buying an additional 1,100 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group upped their price target on BorgWarner from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Barclays lifted their price target on shares of BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a research note on Wednesday, October 8th. Robert W. Baird set a $55.00 target price on shares of BorgWarner in a report on Wednesday, January 14th. Finally, Zacks Research downgraded BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.31.

Insiders Place Their Bets

In other BorgWarner news, VP Isabelle Mckenzie sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total value of $141,536.00. Following the completion of the sale, the vice president directly owned 43,555 shares of the company’s stock, valued at $1,926,437.65. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stefan Demmerle sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $45.52, for a total transaction of $682,800.00. Following the completion of the sale, the vice president owned 209,040 shares of the company’s stock, valued at $9,515,500.80. This represents a 6.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 23,200 shares of company stock worth $1,054,336 over the last ninety days. 0.63% of the stock is currently owned by company insiders.

BorgWarner Price Performance

Shares of NYSE BWA opened at $47.21 on Tuesday. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 74.94, a PEG ratio of 0.92 and a beta of 1.06. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $48.80. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average of $45.00 and a two-hundred day moving average of $42.52.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.BorgWarner’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. As a group, analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.4%. BorgWarner’s dividend payout ratio (DPR) is 107.94%.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.